Tag: cimb

Bakrieland prices its $150 million deal after 1.5 days of marketing, while $350 million worth of bonds exchangeable into YTL scrape through at quite aggressive terms. The country's largest mobile operator returns to the stockmarket without its overseas operations, attracting investors mainly as a yield play. The Malaysian mobile operator returns to the market with an IPO of up to $3.6 billion two years after being taken private, but this time it will list only the domestic portion ... Malaysian regulations governing the foreign ownership of airlines constrain the final deal size. Nazir Razak, CEO of CIMB Group, was recently awarded FinanceAsia's prestigious Lifetime Achievement Award for his contribution to Asian banking and finance. With yet another deal over $1 billion, Singapore remains the most active market for rights issues in Asia this year. We are pleased to announce the winners of our Private Bank Country Awards for Achievement. Malaysia's state-owned oil company Petronas raises the stakes for Asian borrowers by issuing five-year sukuk and 10-year conventional bonds that attract orders worth nearly $20 ... The Malaysian mobile phone operator prices its five-for-four offering at a 31.7% discount to the theoretical ex-rights price. Industrial Bank of Korea upsizes its M$400 million deal to an unexpected M$1 billion. Meanwhile, Kospo begins a roadshow for its dollar bond and Hyundai Capital shelves its ... The $550 million bond issue, which is exchangeable into shares of Parkson Retail, was combined with a $96.8 million placement of shares in the same company. The Korean bank saves an estimated 30bp-40bp on the 10-year bonds, and 20bp-30bp on the five-year bonds relative to what it could have achieved in the G3 markets. The Korean policy bank will open the books on its dual-tranche transaction this Wednesday. The bonds are re-offered below par as risk-averse investors, and a lack of hedging opportunities, pose a challenge. The majority of the $491 million placement is bought by domestic investors, including new strategic partner Time dotcom. Islamic investors take 50% of the deal, which is upsized to $850 million after being 13 times covered. The $600 million bond issue has a similar structure to Khazanah's first exchangeable sukuk, but will pay a higher coupon and be exchangeable into PLUS Expressways. The semiconductor company issues M$1.8 billion worth of Islamic Trust certificates in a market that is still suffering from an overhang of Malaysian government bonds. The transaction is the first Islamic mortgage-backed trade to introduce a 20-year tranche. The deal attracts significant offshore interest. Credit Suisse and CIMB replace JPMorgan to complete the Malaysian deal which has been pending for almost 12 months.